Duke Energy Corp (DUK) Shares Sold by Oakbrook Investments LLC
Oakbrook Investments LLC trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,296 shares of the utilities provider’s stock after selling 2,650 shares during the quarter. Oakbrook Investments LLC’s holdings in Duke Energy were worth $2,128,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DUK. Vanguard Group Inc. boosted its holdings in Duke Energy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after acquiring an additional 1,572,216 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in Duke Energy by 575.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after acquiring an additional 814,210 shares during the period. Janus Henderson Group PLC boosted its holdings in Duke Energy by 259.9% during the 2nd quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after acquiring an additional 599,761 shares during the period. BlackRock Inc. boosted its holdings in Duke Energy by 1.2% during the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after acquiring an additional 506,596 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Duke Energy by 27.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,810,773 shares of the utilities provider’s stock valued at $151,363,000 after acquiring an additional 393,659 shares during the period. Institutional investors own 57.26% of the company’s stock.
Shares of Duke Energy Corp (DUK) opened at $77.34 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy Corp has a 12-month low of $76.28 and a 12-month high of $91.80. The firm has a market capitalization of $54,130.00, a PE ratio of 20.30, a PEG ratio of 4.06 and a beta of 0.26.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.
A number of equities analysts recently commented on the company. SunTrust Banks set a $78.00 target price on Duke Energy and gave the company a “hold” rating in a report on Tuesday. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. increased their price target on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $87.19.
Duke Energy Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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